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Bank Of Africa: the results of the six subsidiaries listed on the BRVM

22/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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On Friday, April 19, an event was held in Abidjan that brought together investors, analysts, journalists, as well as actors from the financial community. On the occasion, the Bank Of Africa Group presented the results of its six subsidiaries listed on the Regional Securities Exchange (BRVM

).

The presentation of the results was an opportunity to draw up an exhaustive review of the group's financial performance for fiscal year 2023. Overall, the six subsidiaries of the BOA Group listed on the BRVM registered strong earnings growth of more than 18%. The BOA subsidiaries listed on the BRVM posted an increase of +5.1% to 2,348 billion CFA francs in their aggregate loans to 2,348 billion CFA francs, despite a reduction in aggregate deposits of -1.9%, reaching 3,324 billion CFA francs, with disparate performances from one bank to

another.

The cumulative profit mass of the 6 listed BOAs reached 110 billion CFA francs in 2023, up significantly by +18%. This good performance allows all listed BOAs to distribute an overall dividend of 67.3 billion CFA francs gross, up 26%, representing a high dividend yield of between 10.4% and 12.2%.

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